TerraUSD ‘stablecoin’ delisted from crypto exchanges

Algorithmic stablecoin', whose collapse triggered multibillion-dollar selloff, turns off blockchain

TerraUSD, the algorithmic stablecoin" whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good.

However, the wider impact of the project's failure appears to have been constrained. TerraUSD was once valued at more than $40bn (33bn).